Rightmove plc (LON:RMV) Receives Average Recommendation of “Hold” from Brokerages

Rightmove plc (LON:RMV) has been assigned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 708.67.

RMV has been the topic of a number of research reports. Jefferies Financial Group reduced their price target on shares of Rightmove from GBX 485 to GBX 465 and set an “underperform” rating on the stock in a report on Tuesday, November 25th. Peel Hunt restated a “buy” rating and set a GBX 885 price objective on shares of Rightmove in a research report on Friday, November 7th. Berenberg Bank reduced their target price on Rightmove from GBX 850 to GBX 785 and set a “buy” rating on the stock in a report on Monday, November 10th. JPMorgan Chase & Co. increased their price target on Rightmove from GBX 500 to GBX 527 and gave the company an “underweight” rating in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada upgraded Rightmove to an “outperform” rating and cut their price target for the company from GBX 805 to GBX 775 in a report on Monday, November 10th.

Rightmove Trading Down 0.3%

Rightmove stock opened at GBX 515.01 on Thursday. Rightmove has a 1 year low of GBX 474.50 and a 1 year high of GBX 827. The firm’s 50 day moving average price is GBX 582.66 and its 200-day moving average price is GBX 696.33. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. The stock has a market cap of £3.93 billion, a P/E ratio of 19.81, a PEG ratio of 2.58 and a beta of 1.05.

About Rightmove

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.